Cryptocurrency based on Elon Musk's 'Elongate' tweet launched

A new cryptocurrency, based on Tesla CEO Elon Musk's tweet asking his followers to name a scandal about him 'Elongate', has been launched. "ElonGate began as a meme, inspired by a viral tweet from our favourite billionaire," the cryptocurrency's whitepaper reads. Its website further clarifies that it isn't affiliated with Musk and 80% of its income will go to charity.